Summit Ridge Energy, a leading US-based commercial solar company, and HASI, a prominent US-based climate solutions investor, have finalized a $309 million back-leveraged term loan for 80 community solar projects. The portfolio, owned by Summit Ridge Capital Holdings—a joint venture between Summit Ridge Energy and HASI—features 216 MW of ground-mount and rooftop projects. Developed over five years, these installations serve around 20,000 customers in Illinois and Maryland. This financing underscores strong market demand for community solar and was arranged by a syndicate including Bank of America, Nomura Securities International, Inc., Prudential Private Capital, and MetLife Investment Management. Bank of America acted as the sole Structuring and Placement Agent and Joint Lead Arranger, with Nomura as a Joint Lead Arranger.
Summit Ridge Energy secures $309 million solar financing
Summit Ridge Energy’s portfolio of 80 solar projects receives a major financial boost with a $309 million loan from top lenders. (Image Credit: GLOBE NEWSWIRE)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)